Lanxess (ETR:LXS) Given a €77.30 Price Target at Warburg Research

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Warburg Research set a €77.30 ($89.88) target price on Lanxess (ETR:LXS) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Barclays set a €57.00 ($66.28) target price on shares of Lanxess and gave the stock a neutral rating in a report on Thursday, September 26th. Berenberg Bank set a €55.00 ($63.95) price objective on shares of Lanxess and gave the company a neutral rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. set a €60.00 ($69.77) price objective on shares of Lanxess and gave the company a neutral rating in a research note on Wednesday. Independent Research set a €59.00 ($68.60) price objective on shares of Lanxess and gave the company a neutral rating in a research note on Monday, August 12th. Finally, UBS Group set a €56.00 ($65.12) price objective on shares of Lanxess and gave the company a neutral rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of €59.85 ($69.59).

LXS opened at €63.88 ($74.28) on Wednesday. Lanxess has a fifty-two week low of €39.47 ($45.90) and a fifty-two week high of €62.36 ($72.51). The company has a debt-to-equity ratio of 107.55, a current ratio of 2.72 and a quick ratio of 1.51. The firm has a market capitalization of $5.58 billion and a price-to-earnings ratio of 14.69. The company’s 50 day moving average price is €58.75 and its two-hundred day moving average price is €53.26.

About Lanxess

LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.

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Analyst Recommendations for Lanxess (ETR:LXS)

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